DiamondRock Hospitality closes $1.5 billion credit facility, upsized from $1.2 billion
On July 22, 2025, DiamondRock Hospitality entered into a Seventh Amended and Restated Credit Agreement that raised its credit facility from $1.2 billion to $1.5 billion and extended its maturities. The added $300.0 million funds repayment of three mortgage loans due in 2025, and the company says it will have no debt maturities until January 2028 and no secured debt once it prepays a $166.6 million loan in September 2025. For shareholders, the refinancing removes near-term debt maturities, but the facility includes financial covenants, and failing to meet them would be a default that could make outstanding amounts immediately due.
Key points
- Facility increased from $1.2 billion to $1.5 billion, including a $400.0 million revolving credit facility maturing January 21, 2030.
- Term loans total $1.1 billion, with maturities of January 3, 2028, January 21, 2029 and January 21, 2030.
- Mortgage loans on the Worthington Renaissance Fort Worth Hotel and Hotel Clio (about $125.0 million) were repaid in May and July 2025.
- The $166.6 million mortgage on the Westin Boston Seaport District is to be prepaid in September 2025.
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.